You can see the rules and regulations in other jurisdictions.
As part of digital financial innovation in the investment management sector, OJK Reg 13 also generally covers the provision of automated investment advice and investment management. It is unclear, however, how much automation can be implemented. A number of advanced algorithms, cloud computing, capability sharing, open-source information technology, social trading, and retail algorithmic trading are included within this sector.1
No single rule governs the usage of artificial intelligence in financial products. Still, Reg 13 of the OJK designates it as an element of digital financial innovation in the market support arena, along with machine readable news, public opinion, big data, market info platforms, and automatically collected and evaluated data. Consequently, using AI in financial products is permitable under conditions established by the above said regulation and any other regulating a particular financial product1
